Currencies

Rupee slips as corporate dollar bids eclipse uptick in Asian peers

The Indian rupee closed modestly weaker on Wednesday as dollar demand from local corporates and on account of maturing positions in the non-deliverable forward market blunted positive cues from gains...

Bank of Canada can't tell if next rate move will be a hike or a cut, say minutes

Ahead of the Bank of Canada's rates decision on December 10, Governing Council agreed it was hard to predict whether its next move would be a hike or cut, according to minutes of the meeting released...

Trump says anybody that disagrees with him will never be Fed Chair

U.S. President Donald Trump said on Tuesday he wants the next chairman of the Federal Reserve to lower interest rates if the markets are doing well, adding that anybody that disagrees with me will...

Robust consumer spending, rising exports fuel US economic growth in third quarter

The U.S. economy grew at its fastest pace in two years in the third quarter, fueled by robust consumer spending and a sharp rebound in exports, though momentum appears to have faded amid the rising...

Silver crosses $70 milestone, gold extends record run

Silver rose past $70 for the first time on Tuesday, while gold hit a record high, trading just below $4,500 an ounce, as a weaker dollar and persistent geopolitical uncertainty lift demand for...

Canadian economy posts big October drop, partial recovery seen in November

Canada's economy shrank by a greater-than-expected 0.3% in October, the largest drop in almost three years, but is expected to stage a partial recovery in November, official data showed on Tuesday. ...

Yen strengthens amid intervention threat, traders await US data

The yen strengthened amid broad U.S. dollar weakness on Tuesday after the severest warning yet from authorities signalling Tokyo's readiness to intervene while traders awaited U.S. GDP data. ...

Italy's government wins upper house confidence vote on 2026 budget

Italy's government comfortably won a vote of confidence in the upper house Senate on Tuesday over its 2026 budget, keeping it on track to secure parliament's final approval before the end of the...

Bankers urge RBI action as dollar glut, NDF pressure roil Indian rupee forwards

Bankers are urging the Reserve Bank of India to intervene as a surge in dollar liquidity heading into year-end and pressure in the non-deliverable forward market have pushed rupee forward premiums to...

BOJ's hawkish wink suggests next hike may be sooner than markets think

The Bank of Japan chief's vague commentary on the timing of the next interest rate hike last week riled up the yen bears once again, but hidden in his caution were firm clues the bank could pull the...

Yen strengthens in thin trade amid intervention threat

The yen strengthened amid broad U.S. dollar weakness on Tuesday after the severest warning yet from authorities signalling Tokyo's readiness to intervene, as the Japanese currency hovered near recent...

Japan issues sternest intervention warning, says yen deviating from fundamentals

Japan has a free hand in dealing with excessive moves in the yen, Finance Minister Satsuki Katayama said on Tuesday, issuing the strongest warning to date on Tokyo's readiness to intervene in the...

Frail yen whipped around as intervention threat swirls

The yen perked up amid broad U.S. dollar weakness on Tuesday after the severest warning yet from authorities signalled Tokyo's readiness to intervene as the Japanese currency hovered near recent lows...

Japan has 'free hand' in dealing with excessive yen moves, finance minister tells Bloomberg

Japan has a free hand in dealing with excessive moves in the yen, Finance Minister Satsuki Katayama told Bloomberg in an interview on Monday, signaling Tokyo's readiness to intervene in the currency...

Indian central bank net sold $11.88 billion in October to arrest rupee's fall, bulletin shows

The Reserve Bank of India sold a net $11.88 billion in the foreign exchange market in October, data released on Monday showed, reflecting the central bank's efforts to support the rupee. ...

Sterling keeps rising after the Bank of England raised the bar on rate cuts

The pound rose on Monday, building on gains made last week after the Bank of England delivered a widely expected rate cut, but suggested that the bar for further declines was high, given persistent...

Dire year for dollar has little light at end of tunnel in 2026

A dismal year for the U.S. dollar is ending with signs of stabilization, but many investors believe the currency's decline will resume next year as global growth picks up and the Fed eases further. ...

Japan's yen gains on intervention signals, softer US dollar

The yen firmed against the U.S. dollar on Monday after Japanese officials warned against one-sided and sharp currency moves, signaling readiness to take appropriate action in what analysts viewed as a...

BOJ to raise interest rates to 1.5% under Ueda, ex-central bank policymaker says

The Bank of Japan will likely raise interest rates three more times to 1.5% during Governor Kazuo Ueda's remaining term through early 2028, former central bank board member Makoto Sakurai told Reuters...